There’s a potentially undervalued project in the DeFi space that’s worth keeping an eye on: Resolv @ResolvLabs is a stablecoin strategy hub, and there are a few recent bullish developments that the market hasn’t fully priced in yet. First and most importantly, the Resolve token buyback update: From July 31 to August 21, the weekly fee allocation will gradually increase from 2.5% to 10%. This means 10% of the protocol’s revenue will flow into the Treasury pool. So, how big is this amount? Based on a TVL of $500 million, the protocol’s annual revenue is estimated to exceed $73 million. 10% of that—$7.3 million—will go into the Treasury pool, and a portion of these funds will be used weekly to buy back tokens. For a market cap of $45 million, this represents a significant buyback ratio. Secondly, the yields are currently high: RLP yield is 15.5%, and USR yield is 9.7%, which are among the highest in DeFi. This is likely to attract even more capital. Thirdly, TVL has surpassed $500 million, mainly driven by the growth in RLP yield tokens. Lastly, the team recently activated the fee switch, meaning a portion of the protocol’s revenue will now be distributed to Resolve token stakers. This is a long-term project that’s worth considering for a long-term position and keeping on your radar! #DeFi #Crypto #Resolv @ResolvLabs